Current:Home > InvestWhat's the deal with the platinum coin? -EquityZone
What's the deal with the platinum coin?
View
Date:2025-04-18 07:03:55
The jig is up. The U.S. can't legally borrow any more money. Maybe you've heard of "extraordinary measures" being taken to make sure the government can keep paying its bills. Today on the show, an extra extraordinary measure—a single, trillion-dollar platinum coin to fund the government's spending.
We hear from Willamette University assistant law professor Rohan Grey about how this would work, and from Louise Sheiner of the Brookings Institution about why it probably won't happen.
Music by Drop Electric. Find us: Twitter / Facebook / Newsletter.
Subscribe to our show on Apple Podcasts, Spotify, PocketCasts and NPR One.
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
veryGood! (641)
Related
- North Carolina justices rule for restaurants in COVID
- Tesla's profits soared to a record – but challenges are mounting
- Hollywood actors agree to federal mediation with strike threat looming
- Meta allows Donald Trump back on Facebook and Instagram
- DoorDash steps up driver ID checks after traffic safety complaints
- World Talks on a Treaty to Control Plastic Pollution Are Set for Nairobi in February. How To Do So Is Still Up in the Air
- Black men have lowest melanoma survival rate compared to other races, study finds
- Florida Power CEO implicated in scandals abruptly steps down
- Former longtime South Carolina congressman John Spratt dies at 82
- Scott Disick Spends Time With His and Kourtney Kardashian's Kids After Her Pregnancy News
Ranking
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- The Fed has been raising interest rates. Why then are savings interest rates low?
- Warming Trends: Outdoor Heaters, More Drownings In Warmer Winters and Where to Put Leftover Turkey
- Will a Recent Emergency Methane Release Be the Third Strike for Weymouth’s New Natural Gas Compressor?
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- What tracking one Walmart store's prices for years taught us about the economy
- Biden, G7 leaders announce joint declaration of support for Ukraine at NATO summit
- Looking for Amazon alternatives for ethical shopping? Here are some ideas
Recommendation
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
Kourtney Kardashian Has a Rockin' Family Night Out at Travis Barker's Concert After Pregnancy Reveal
Can you drink too much water? Here's what experts say
And Just Like That Costume Designer Molly Rogers Teases More Details on Kim Cattrall's Cameo
FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
A Plea to Make Widespread Environmental Damage an International Crime Takes Center Stage at The Hague
Appeals court clears the way for more lawsuits over Johnson's Baby Powder
And Just Like That Costume Designer Molly Rogers Teases More Details on Kim Cattrall's Cameo